& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

India's industrial output surges, inflation soars

REUTERS, New Delhi
India's industrial output continued its steady run in July prompting analysts to say that solid domestic demand was intact and would continue to power growth in the months ahead.
Robust manufacturing and electricity sector growth helped industrial output climb 7.9 per cent through the year to July compared with 7.3 per cent in June, data showed on Friday.
But the widely tracked annual wholesale price inflation soared for the second straight week to 8.33 per cent in the year to Aug. 28 as a nationwide truckers' strike last month impacted prices.
Analysts said there was no evidence of any impact of delayed monsoon rains so far and any impact, if at all, would be felt around January-March as any effect on the farm output and demand comes
with a lag.
Data released by the state-run Central Statistical Organisation showed the manufacturing sector, which forms more than 75 per cent of industrial output, rose 7.6 per cent in July from a year earlier.
Consumer durables grew 15.1 per cent in July, compared with 8.3 per cent in the year to July 2003.
India's industrial production has accelerated over the past year, with recent months logging growth of over five per cent but the delay in the monsoon rains in the key sowing month of July had forced analysts to clip their growth forecasts.
Most analysts have cut their estimates for economic expansion in the year through March 2005 to 5.5-6.5 per cent from pre-monsoon views of 7.0-8.0 per cent.
Consumer demand has been up since last year's monsoon rains, which were the best in a decade. Good rains boost rural demand as
nearly 600 million Indians earn a living off the land and a bad harvest leads to a dip in their incomes.
Industry accounts for nearly a quarter of India's gross domestic product.
The closely tracked inflation rate has spiralled from 4.32 per cent in late April. The rise has been attributed to rising prices of crude oil, steel and food and officials say there was no need to constrain demand by raising interest rates.
Finance Minister Palaniappan Chidambaram said on Thursday interest rates were likely to be stable in the medium-term, a comment that has bolstered sentiment in the bond market.
Bonds were broadly unchanged after the inflation data as most traders were of the view that interest rates, currently at three-decade lows, were unlikely to be raised in a hurry, despite soaring inflation.